Plus500, a prominent global multi-asset fintech group, has taken a significant step in reinforcing its presence in the United Arab Emirates by officially launching its new local entity, Plus500Gulf Securities LLC (“Plus500Gulf”). The move comes following the successful acquisition of a mainland license from the UAE’s Securities and Commodities Authority (SCA), reflecting the company’s ongoing commitment to regional and international expansion.
This newly secured SCA license positions Plus500 to scale its operations across the UAE mainland, allowing the group to broaden its marketing outreach and attract a wider customer base. More importantly, it opens the door for Plus500 to diversify its local offering beyond Contracts for Difference (CFDs), with the planned introduction of additional asset classes such as share dealing, futures, and options on futures.
The launch of Plus500Gulf builds on two solid years of operations in the UAE under a license from the Dubai Financial Services Authority (DFSA), operating from the Dubai International Financial Centre (DIFC). With the SCA license now in hand, Plus500 joins an elite group of global fintech firms holding dual regulatory licenses in the UAE—underscoring its strategic focus on long-term investment and growth in the region.
Currently, Plus500 holds 14 regulatory licenses worldwide and serves over 30 million registered users across more than 60 countries. The group’s consistent global success is underpinned by its proprietary trading technology, a reputation for reliability, and a customer-first approach.
Publicly listed on the London Stock Exchange and a constituent of the FTSE 250 and STOXX Europe 600 indexes, Plus500 continues to lead in the fintech space. The company plans to leverage its SCA-licensed presence to deliver innovative, customized trading solutions specifically designed for UAE-based clients—enhancing the local trading experience with an intuitive and seamless platform.
This expansion follows a strong financial performance in 2024, with Plus500 reporting approximately $768 million in total revenue and maintaining a solid financial foundation, including cash reserves of around $900 million and zero debt as of December 31, 2024. These figures not only reaffirm the group’s financial resilience but also highlight its readiness to pursue new growth opportunities in key markets such as the UAE.
With this latest milestone, Plus500 continues to position itself as a trusted, forward-thinking leader in the global online trading arena, bringing world-class financial solutions closer to traders in the UAE and beyond.
